BNDES, BB and Caixa form investment fund to participate in Brazilian road tenders

The Brazilian Bank for Economic and Social Development (BNDES), Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders. The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 4
January 3, 2013 Read time: 1 min
The 6720 Brazilian Bank for Economic and Social Development (BNDES), 7052 Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders.

The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 49%. According to the Brazilian Minister of Transportation, Paulo Passos, rules will be disclosed in detail in late January 2013, when the BR-040 and BR-116 roadway tenders take place.

For more information on companies in this article

Related Content

  • Road maintenance cuts threatened for Malaysia
    August 6, 2012
    Highway managers in Malaysia face having their road maintenance funding slashed if they do not spend their current budgets. In a surprise announcement this week, the Malaysian government warned that states which “fail to manage and utilise funds allocated for road maintenance from the Federal Government risk having their provisions reduced in the future.”
    Read More
  • Transport under the spotlight
    February 13, 2012
    A round-up of some of the major transport-related meetings that have been held in Europe. Compiled by Patrick Smith. Europe has hosted a number of annual events over the last few weeks, where important matters of transport were discussed, reports produced, and decisions taken. ASECAP (the European Association of Tolled Motorways, Bridges and Tunnels Infrastructures Operators); International Transport Forum (ITF); Arena (TRA); International Road Federation (IRF), and the European Construction Industry Federa
    Read More
  • Official sale of M6 Toll to be launched in September
    August 23, 2016
    An information memorandum that will officially launch the sale of M6 Toll, the UK’s only toll road, will be sent out to interested buyers in September. No date is set for sending out the IM, according to sources, but the 43km six-lane asset around the English city of Birmingham could be going for slightly less after the UK’s European Union referendum vote in June. The result of the so-called Brexit – ‘British exit’ of the EU – referendum was won by the no-to-Europe side and the UK is now setting up t
    Read More
  • Bridges and roads part of Myanmar’s New Yangon development
    April 6, 2018
    At least two bridges and dozens of kilometres of roads are part of phase one of an ambitious Myanmar plan to build a new city. Other infrastructure projects are an industrial zone, a power plant and water and sewage treatment plants, according to the newly created overseeing body, New Yangon Development Corporation - NYDC. The new city will cover around 30,000 acres on the west side of the Yangon River, including land in Kyimyindaing, Seikgyikanaungto and Twante townships. Much of the work to create the
    Read More

Highlighted Content